Avery Dennison Corporation (AVY) Financial Statements (2024 and earlier)

Company Profile

Business Address 8080 NORTON PARKWAY
MENTOR, OH 44060
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 267 - Converted Paper And Paperboard Products, Except (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments167163252254232224
Cash and cash equivalents167163252254232224
Receivables1,3741,4251,2351,2121,2171,209
Inventory, net of allowances, customer advances and progress billings1,010907717663651610
Inventory1,010907717663651610
Disposal group, including discontinued operation     46
Other current assets231240212212194188
Total current assets:2,7822,7352,4162,3412,2982,238
Noncurrent Assets
Property, plant and equipment1,5401,4781,3441,2111,1371,098
Intangible assets, net (including goodwill)2,7032,7931,3611,0571,0861,151
Goodwill1,8621,8821,136931942985
Intangible assets, net (excluding goodwill)840911225127144166
Deferred income tax assets115130198225
Other noncurrent assets811836765655451453
Deferred tax assets, net205196
Total noncurrent assets:5,1695,2373,6683,1482,8802,899
TOTAL ASSETS:7,9517,9726,0845,4895,1785,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0272,0531,7211,6811,6701,594
Taxes payable7586715849
Employee-related liabilities299239220218249
Accounts payable1,3391,2991,0511,0661,0311,007
Accrued liabilities688380345323363289
Deferred revenue 22   
Debt59931965440195265
Accrued environmental loss contingencies 9291055
Other undisclosed current liabilities 143174131122125107
Total current liabilities:2,8002,5481,9262,2541,9941,972
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,5042,7862,0521,4991,7721,316
Finance lease, liability 8122324
Other undisclosed long-term debt and lease obligation2,4952,6391,9131,3761,7721,316
Liabilities, other than long-term debt 116     
Deferred revenue 2   
Operating lease, liability 11413511699
Total noncurrent liabilities:2,6192,9212,1681,4991,7721,316
Total liabilities:5,4195,4694,0943,7533,7663,288
Equity
Equity, attributable to parent2,0321,9241,4851,2049551,046
Common stock124124124124124124
Treasury stock, value(3,022)(2,660)(2,501)(2,425)(2,224)(1,857)
Additional paid in capital879862862874872863
Accumulated other comprehensive loss(364)(283)(350)(348)(682)(681)
Retained earnings4,4153,8813,3492,9792,8652,597
Total equity:2,0321,9241,4851,2049551,046
Other undisclosed liabilities and equity499578505532457803
TOTAL LIABILITIES AND EQUITY:7,9517,9726,0845,4895,1785,137

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,0398,4086,9727,0707,1596,614
Revenue, net6,614
Cost of revenue
(Cost of Goods and Services Sold)
(6,635)(6,096)(5,048)(5,166)(5,244)(4,802)
Gross profit:2,4042,3131,9231,9041,9161,812
Operating expenses(1,339)(1,249)(1,061)(1,080)(1,128)(1,123)
Operating income:1,0661,064863824788689
Nonoperating income (expense)234(2)(445)(105) 
Investment income, nonoperating14     
Other nonoperating income (expense)94(2)(445)(105) 
Interest and debt expense(84)(70)(70)(76)(59)(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5)(6)(54)(53)(70)(37)
Income from continuing operations before equity method investments, income taxes:999993737250555590
Loss from equity method investments  (4)(4)(3)(2) 
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:999989734247553590
Income tax expense (benefit)(242)(249)(178)57(85)(308)
Income from continuing operations:757740556304467282
Income before gain (loss) on sale of properties:740556304467282
Net income available to common stockholders, diluted:757740556304467282

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:757740556304467282
Other comprehensive income (loss) 513(31)(14)1225
Other undisclosed comprehensive income      
Comprehensive income:763753525290479306
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(87)5429348(13)47
Comprehensive income, net of tax, attributable to parent:676807554638466353

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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